Title: Costco SELLS OUT Of Gold Bars, People Are Preparing For ECONOMIC COLLAPSE Source:
TimCast IRL URL Source:https://www.youtube.com/watch?v=XfiH7JqSSn4 Published:Sep 29, 2023 Author:Tim Pool Post Date:2023-09-29 15:02:24 by Esso Keywords:None Views:2688 Comments:41
Poster Comment:
I'm not sure that PMs are the thing to be buying right now. They've been stuck in a narrow range forever and haven't tracked inflation at all. Gold should be over $4,000 now. After Bidet did that thing with Venmo (or whatever it was) making any transaction reportable to the IRS above $600, there's no reason to believe that he wouldn't do that with PMs.
If the shit hits the fan, I doubt my local coin dealer Solly would be around in a civil war type scenario. Shipping PMs is a hassle and expensive as hell to insure it.
IMHO, silver would be a better bet now. At $22/oz, it has some utilitarian value for trade and IMO has more upside potential to hold. How often do you buy something for $1,800 per whack? My mechanic, Chip, notwithstanding.
FWIW, Costco's prices were about the same as Apmex when I checked yesterday. It wasn't a deal.
I'm not sure what people are thinking. That playing games with the cashback on a credit card is some real cheesedick loser shit. I'd be more worried about food and water and how the hell I'm gonna flush my toilets if I was Mr. Average Citizen.
Of course the dollar value of is manipulated for PMs. Cryptos may not be immune either but they are harder to manipulate.
I don't see any Mad Max post apocalyptic scenario though. Things will get messed up but they will keep ticking. Russia went through that and as a country survived. City people will be the worst off and will see the highest attrition though.
I don't see any Mad Max post apocalyptic scenario though.
I don't really either, but seen Philly lately?
Things will get messed up but they will keep ticking.
Albeit at a greatly reduced rate. Bidet's grab at Venmo or whatever it was has me concerned. It would be easy to do that with bullion sales.
City people will be the worst off and will see the highest attrition though.
I'm in a dem city (pop. 260,000) and now surrounded by illegals, Mexico, Venezuela, Burma. So far I haven't had any problems, my reputation from 2008 seems to be pretty durable (Blew a guy's head off that attacked me). I won't get away with that again regardless of the circumstance.